1120S Social security tip wages

On a 1120S do I include social security tips in salaries and wages in my deductions?

posted

Yes, you would use the Box 5 amounts from all W-2s for your employees. This will include the social security tips and wages and may be the highest number of Boxes 1, 3 and 5. In other words, rather than adding Boxes 3 and 7, you may choose to use Box 5 instead, which has all of the wage information.

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